On November 24, 2006, the Government of Canada announced federal funding of $37.5 million to improved urban and community transit infrastructure in Nova Scotia. This funding is a combination of two funding arrangements -- the Federal Public Transit Capital Trust Fund ($25.8 million) and the Canada-Nova Scotia Agreement on the Transfer of Federal Public Transit Funds ($11.7 million). Nova Scotia consolidated the two funding arrangements and refers them as the Public Transit Fund.

The Public Transit Fund will invest in urban and community transit infrastructure from 2006 to 2010.

Transit services that will benefit from the federal funding include Metro Transit in Halifax Regional Municipality, Cape Breton Transit, Kings Transit (Kings County and surrounding area), and eight other community transit organizations.